XRP shows improving risk-adjusted returns alongside rising whale flows, but 
rising leverage use and repeat liquidations point to a fragile futures market.

XRP risk-reward improves as whale accumulation rises: Will price follow?

Data shows the XRP Open Interest has witnessed a notable surge alongside the 
asset&#8217;s price drop, a sign that investors have been putting up fresh bets. XRP 
Open Interest Has Shot Up Over The Past Day As pointed out by CryptoQuant 
community analyst Maartunn in an X post, the XRP Open Interest has seen a jump 
recently. This indicator measures the total amount of positions related to the 
asset that are currently open on all centralized derivatives exchanges. 
Related Reading: Bitcoin Realized Price Sits At $54,000—Will BTC Revisit It 
This Cycle? When the value of the metric rises, it means investors are opening 
up fresh positions on the market. Generally, new positions come with an 
overall increase in the leverage for the sector, so the asset could end up 
becoming more volatile following a jump in the indicator On the other hand, 
the Open Interest witnessing a decline implies traders are either closing up 
positions of their own volition or getting forcibly liquidated by their 
platform. In either case, the reduced leverage can make the market more 
stable. Now, here is the chart shared by Maartunn that shows the trend in the 
XRP Open Interest over the last few days: As displayed in the above graph, the 
XRP Open Interest has gone up during the past day. This surge in the indicator 
has come alongside a drawdown in the cryptocurrency&#8217;s spot price. Thus, it 
would appear that traders have been trying to guess where the coin will move 
after this decline. As mentioned earlier, an increase in the metric can make 
the asset behave in a volatile manner. This is due to the fact that mass 
liquidation events are more likely to occur the more overleveraged the market 
is. Where the cryptocurrency heads from here could become the trigger for such 
an event. In the case of a further drawdown, longs could get caught up in 
liquidations, acting as fuel for an extended decline. Related Reading: 
Bittensor (TAO) Rallies 35%, But Social Sentiment Stays Mixed XRP isn&#8217;t the 
only asset that has seen a jump in the Open Interest recently. As CryptoQuant 
has highlighted in an X post, Bitcoin has also observed a positive change in 
the metric. The latest bearish price action in the sector has meant that 
liquidations have already started piling up on exchanges, with longs being the 
most heavily affected, according to data from CoinGlass. As displayed in the 
table, liquidations in the sector have totaled at $450 million, with about 
$401 million coming from the bullish positions. XRP Price XRP has plunged to 
the $1.33 level following the bearish action. Featured image from Dall-E, 
chart from TradingView.com

XRP Open Interest Surges As Price Slides—More Volatility Ahead?

A federal judge in California granted class certification on March 25 in a 
long-running securities fraud lawsuit accusing Nvidia of hiding more than $1 
billion in cryptocurrency-driven GPU revenue from investors. Judge Rules 
Nvidia Investor Fraud Lawsuit Can Proceed as Class Action U.S. District Judge 
Haywood S. Gilliam Jr. of the Northern District of California […]

Nvidia Crypto Revenue Lawsuit Gets Class Certification From California Federal Court

Crypto lawyer Jake Chervinsky said legislation covering crypto developer 
protections has been overshadowed by the intense focus on stablecoin yield in 
the CLARITY Act.

Lummis says CLARITY Act will deliver ‘strongest’ developer protections

New wallet creation in the Shiba Inu ecosystem has held steady at between 
5,000 and 12,000 per month, pushing total holders past 1.50 million — a sign 
that retail interest has not dried up despite a rough stretch for the token&#8217;s 
price. Related Reading: UK Slaps Sanctions On $20B Crypto Black Market Tied To 
Southeast Asia Scam Rings Tokens Flow Back To Exchanges That growth figure, 
released by the Shibarium team, comes at an awkward time. On-chain data from 
CryptoQuant shows that nearly 40 billion SHIB tokens moved into exchanges over 
a 24-hour window ending March 26, with outflows failing to keep pace. The 
result was a positive netflow — a condition that typically signals more 
selling firepower sitting on trading platforms. Exchange reserves climbed from 
81.20 trillion to 81.29 trillion tokens during the same period, confirming the 
trend. When holders move tokens off private wallets and onto exchanges, it 
does not always mean a sell-off is coming. But it does mean those tokens are 
now within easy reach of anyone looking to exit their position quickly. With 
market conditions still choppy, that availability matters. SHIB dropped 4% 
over that same 24-hour stretch. The decline was not isolated — broader crypto 
markets also fell during this period. Still, the token&#8217;s technical picture 
added its own weight to the slide. Price Hits A Wall At Triangle Resistance 
According to analysts, SHIB attempted to push through the upper boundary of a 
descending triangle pattern and was turned away. Descending triangles are 
generally considered bearish formations. Each failed attempt to break through 
the top of the pattern tends to reinforce selling momentum, and this rejection 
was no different. The price pulled back after failing to clear that level, 
adding to what had already been a difficult day for the token. The combination 
of a technical rejection and rising exchange inflows gave traders little 
reason for confidence in the short term. Related Reading: Ethereum Supply 
Tightens As Staking And Outflows Hit Record Highs Ecosystem Activity Tells A 
Different Story The Shibarium team&#8217;s wallet data points to an ecosystem that 
is still drawing in new users. Between 5,000 and 12,000 new wallets were 
created monthly — a pace that has been consistent enough to push the holder 
count beyond the 1.50 million mark. More wallets generally mean more 
participants, and more participants tend to support demand over time. Whether 
that longer-term demand is enough to absorb the near-term selling pressure is 
a question the market will answer on its own. For now, both forces are visible 
in the data — one pulling the price down, the other quietly building 
underneath it. Featured image from A-Z Animals, chart from TradingView

Cryptocurrency price in KWD